News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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Feb- 2018 -26 February
90% of small firms not prepared for new data regulation
Over a third of small businesses have not yet started preparing for the introduction of the General Data Protection Regulations (GDPR), according to the Federation of Small Businesses (FSB). A further third (35%) are only in the early stages of preparation, claims the new research published today. Only 8% of…
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23 February
Dominic Chappell fined £87,000 over pension scheme failure
Former BHS owner Dominic Chappell has been ordered to pay a total of £87,170 in fines and court fees after he was found guilty of failing to provide pensions information to The Pensions Regulator (TPR). In January, the one-time BHS owner was found guilty of failing to provide information about…
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23 February
Aldi discloses 4.8% gender pay gap
Aldi has revealed a median gender pay gap of 4.8%, well below the national average. The discount supermarket said that this is a result of “having more men than women in store management positions in the upper quartile”, and gave the example of graduate area sales managers, who all join…
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23 February
Dominic Chappell faces sentencing over pension investigation
The one-time BHS owner who purchased the ailing chain from Philip Green for a tiny sum before its collapse, Dominic Chappell, is expected to be sentenced in court today. He is accused of failing to provide information about the company’s pension scheme after it went into administration in 2016. Chappell…
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23 February
Retail sales growth slows for third consecutive month
UK retail sales growth slowed for the third month in a row, according to CBI’s Quarterly Distributive Trades Survey. A growth in sales volumes was recorded in the grocers, hardware and DIY, and non-store goods (i.e. internet and mail order) sub-sectors. However, sales fell in clothing, footwear and leather, department…
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23 February
Amazon plans six more Amazon Go stores this year
Rumours are swarming that online retail giant Amazon has plans to open as many as six more of its cashierless ‘Amazon Go’ stores in the US this year. The news was first revealed by technology website Recode, which said “multiple sources familiar with the company’s plans” suggested more cashierless stores…
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22 February
Tesco to reveal gender pay gap statistics
Supermarket giant Tesco is the first in the UK to reveal its gender pay gap statistics. A report made by the group showed its median gender pay gap was 8.7%, which is below the UK average median pay gap of 18.4%, according to the Office for National Statistics (ONS). According…
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22 February
ASOS teams up with High Commission in Mauritius for modern slavery event
Online fashion retailer ASOS is hosting an event with the British High Commission in Mauritius today (22 February). The event will bring together local and international stakeholders to discuss the challenges in managing labour migration and agree a common framework for improving worker protection in Mauritius and beyond. Organised as…
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22 February
Guess co-founder steps down over ‘improper conduct’ allegations
The co-founder of fashion retailer Guess has relinquished his daily responsibilities at the company after allegations of “improper conduct”, which he denies. The board and Marciano agreed that he would step down from the business on an unpaid basis after allegations were made by model Kate Upton and other women.…
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22 February
Shopping apps account for half of online sales in Europe
Dedicated shopping apps are driving widespread mobile success for European retailers, according to Criteo’s Q4 Global Commerce Report. The study revealed that retailers with a shopping app see half of online transactions taking place on mobile devices with 54% of these taking place via their app, opposed to on mobile…
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